Residential Income In Los Angeles

Own a rare piece of Los Angeles architectural history. Designed circa 1937 by renowned architect Arthur W. Hawes, 4447 Finley Avenue embodies the elegance, craftsmanship, and architectural optimism of Hollywood’s prewar Streamline Moderne era. Rich in character yet extensively modernized, this turnkey four-unit property offers architectural distinction, low-maintenance ownership, and exceptional long-term investment potential in the heart of Los Feliz. The unit mix consists of one 1-bedroom plus convertible office/1-bath unit, two 2-bedroom/1.5-bath units, and one 2-bedroom/2-bath unit. Each residence features its own washer and dryer, separate water heater, and individual HVAC system, providing convenience and independence for tenants. More than $600,000 in capital improvements have been completed, including new plumbing, new 400-amp electrical service, individual subpanels for each unit, a dedicated house panel servicing recirculating pumps for near-instant hot water, new kitchens and baths, new appliances, updated drywall, crown molding, baseboards, doors, hardware, and upgraded finishes throughout. The interiors were extensively renovated down to the studs and floorboards, with virtually every major component replaced. The front two residences are desirable TOWNHOME-STYLE units featuring hardwood flooring, while the rear units have been professionally soundproofed for enhanced comfort and privacy. The property has also successfully completed its SB-721 balcony inspection requirements. For investors seeking a highly improved, easy-to-manage asset with exceptionally low maintenance requirements and minimal controllable operating expenses, 4447 Finley Avenue presents a rare opportunity. Located just moments from the shops, restaurants, and nightlife of Hillhurst Avenue, Griffith Park, the Greek Theatre, and Los Feliz Village, the property also offers approximately 37% upside potential in current rental income. Additionally, three (3) units participate in the RUBS utility reimbursement program, providing further income enhancement opportunities. EXTREMELY LOW OWNER EXPENSES AND VERY EASE MANAGEMENT. As a side note: ”Hawes’ portfolio includes the iconic Hollywood Reporter Building, the Crest Theatre in Westwood, and the celebrated Hawes House in West Los Angeles.”